Tatneft is the fifth-largest oil firm in Russia, while the much smaller Bashneft is still in the top ten.

FORBES: Kremlin Regains Grip On Oil-Rich Muslim Republics

So-called second-tier stocks, which include fast-growing regional oil company Bashneft , cosmetics-maker Kalina and popular-retailer Sedmoi Kontinent , have become an area of active trading for domestic investors.

FORBES: Magazine Article

The next step would be to put both Bashneft and Tatneft back under Kremlin control and further integrate the firms and their networks into the larger state-owned firms.

FORBES: Kremlin Regains Grip On Oil-Rich Muslim Republics